Worst of Currency Crisis Over: Abhay Laijawala

Sep 12 2013

September 12: The rupee has bottomed out for now on the back of RBI and government measures, says Abhay Laijawala of Deutsche Equities India. FCNRs bonds could yield between $15-20 billion, which could help fund the current account deficit, he says, adding that FCNRs can be a game changer. Moreover, the positive export numbers show that government actions are working and the CAD seems far more manageable now, he says.